“Americans stress over ‘unshakeable burden’ of student loan payments,” The Guardian, Michael Sainato, May 2020 The nation can alleviate one person of their debt multiple times; but, it can not do so for the younger contingent consisting of minorities and white former students who would add to the growth of the economy if freed. Much […]
New home sales decline in April, revised sharply lower for March; prices continue to skyrocket, while inventory increases This morning both new home sales and two price indexes for houses were released for April, completing our view of that important long leading sector. As anticipated, not only did new home sales decline for the month, […]
This particular post is coming out of Angry Bear’s comment section. Farmer and Agricultural Economist Michael Smith is the author. Mike grows various food items on his farm and has a hands-on knowledge of what is occurring in the beef industry today. What Mike is touching upon today is the small farmer industry and how […]
New jobless claims continue to decline at rate of 100,000 per month, while continued claims stall at elevated level New jobless claims continue to be the most important weekly economic datapoint, as increasing numbers of vaccinated people and outdoor activities have led to an abatement of the pandemic – both new infections and deaths are […]
Larry Summers Doubles Down On His Inflation Prediction But somehow becomes vaguer about exactly how this is going to happen and show up, but he wants the Fed to stop it in its track, goshdarnit. This is in a column appearing in the Washington Post, May 25, “The inflation risk is real.” Well, he does […]
Commenter and blogger RJS at Market Watch 666 Just two widely watched reports were released this week: the April report on New Residential Construction from the Census Bureau and the Existing Home Sales Report for April from the National Association of Realtors…in addition to those, the Bureau of Labor Statistics released the Regional and State Employment and Unemployment Summary for […]
Existing vs. new home sales: sales have peaked, expect prices to soon peak I normally don’t pay much attention to existing home sales. Even though they constitute about 90% of the housing market, they have much less impact on the economy overall than new home sales (because all of the economic activity involved in building […]
Adam Smith’s been dead for more than 230 years now; Karl Marx for 138. The industrial age began around 1760; ended around 1960. Around 1950, we entered the information & technology age, an age every bit as epochal as the industrial age. Missing to date in this new age is the Adam Smith equivalent to […]
by New Deal democrat Weekly Indicators for May 17 – 21 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. The theme of a supply-constrained economic Boom continues, with the addition this past week of the national average of gas prices going over $3 a gallon for the first time since 2014, probably […]
Big decline in new jobless claims continues, while decline in continuing claims has stalled New jobless claims continue to be the most important weekly economic datapoint, as increasing numbers of vaccinated people and outdoor activities have led to an abatement of the pandemic – both new infections and deaths are near their lowest points in […]